In a shocking turn of events, UFC legend Jorge Masvidal has secured a massive financial victory, but the drama is far from over. Masvidal wins big in court, claiming over $5 million in a lawsuit against Fanmio, the promoter of his highly anticipated boxing match with Nate Diaz. But this story has more twists than a Hollywood blockbuster!
Masvidal's legal battle began after he signed a lucrative deal for the Diaz fight, promising a $6 million purse, potentially rising to $7 million with a win. However, despite his best efforts, Masvidal lost the fight and soon found himself in a financial dispute. He alleges that he was only paid $1.15 million, a far cry from the agreed-upon amount. But here's where it gets controversial: Fanmio refused to pay the remaining sum, leading Masvidal to take legal action.
The court proceedings culminated in a significant win for Masvidal, as an arbitrator ruled in his favor and ordered Fanmio to pay a staggering $5,315,268.64, including damages and legal fees. But the plot thickens! Judge Beatrice Butchko Sanchez has now granted Masvidal's request for a final default judgment, ensuring he gets what's rightfully his.
Interestingly, this isn't the only legal drama surrounding the Masvidal-Diaz fight. Nate Diaz himself has also sued Fanmio, claiming they owe him a whopping $9 million for the same event. Diaz's lawsuit alleges that Fanmio's owner, Solomon Engel, agreed to pay him $10 million but failed to deliver. A separate arbitrator awarded Diaz $6.5 million, including a penalty against Engel, who was found personally liable.
The question remains: Will Fanmio settle these debts, or will this story continue to unfold in the courts? What do you think? Is this a case of a promoter gone rogue, or are there hidden complexities we're yet to uncover?
